Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gabe has agreed to buy Sarita's car, but the two have not agreed on the price but they have agreed to make the transfer when

Gabe has agreed to buy Sarita's car, but the two have not agreed on the price but they have agreed to make the transfer when he turns 16 in 9 months. When there is no agreement as to price in a contract for a sale of goods, what effect does it have on the contract?

The price is determined by solely the seller.

The price is a reasonable price at the time of making the contract

The price is a reasonable price at the time of delivery

There is no contract, because the agreement is not definite and certain enough

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Advanced

Authors: Claudia Bienias Gilbertson

9th Edition

0538447559, 9780538447553

More Books

Students also viewed these Accounting questions